Policies supported by the IMF and World Bank to increase economic liberalization in less-developed countries are often referred to as the:
A)Washington Consensus.
B)Multilateral Accord.
C)North-South Reform Plan.
D)Millennium Action Accord.
E)United Nations Economic Compact.

Question

Quizplus · Accepted Answer

The policies supported by the IMF and World Bank to increase economic liberalization in less-developed countries are often referred to as the "Washington Consensus". This term was coined in 1989 after a meeting of policy makers from several Latin American countries and the United States, which was held in Washington D.C. The policies included in the Washington Consensus include privatization, liberalization of trade and investment, deregulation, and fiscal discipline.

Policies Supported by the IMF and World Bank to Increase